Unusual Machines: CEO Evans Allan Thomas received 5,000,000 shares

What happened

• Evans Allan Thomas, CEO, received an award of 5,000,000 derivative securities (reported as warrants) on Oct 05, 2026. The filing lists price as N/A and does not report a total value. The Form 4 was filed on Oct 06, 2026.

Key details

• Transaction date and code: Oct 05, 2026; code A (grant, award or other acquisition); price N/A.
• Shares owned after the transaction: not reported in the filing.
• Footnote 1: Warrants were granted in exchange for the reporting person’s agreement to work for the issuer without cash compensation after Dec 31, 2026, subject to shareholder approval; grant was approved by the compensation committee and exempt from Section 16(b) under Rule 16b-3. The warrants vest in equal increments of 1,000,000 warrants tied to price targets of $25, $40, $60, $80 and $100, measured by an average closing price over a 20-consecutive trading day period, subject to adjustments and continued employment through the applicable vesting dates.
• Footnote 2: The reporting person is the sole owner and holds voting and dispositive control of 8 Consulting LLC.
• Filing date: Oct 06, 2026 reporting a transaction on Oct 05, 2026.

Why it may matter

• This filing reports an award of derivative securities (warrants) with vesting tied to specified stock price targets rather than a market purchase or sale. A filing does not show why the insider traded or why the company acted.